Latest ABS news
Pet Supplies Plus cancelled its $330m inaugural whole business securitization backed by franchise fees and company profits planned for this week.
Bank of America Merrill Lynch hires fintech chief — Perella Weinberg builds European restructuring team — UniCredit finds SSA trading boss.
A draft Polish law, requiring the written consent of property owners to transfer mortgages, would have “significant adverse effects on Polish banks’ funding” said the European Central Bank, with respect to the covered bond and securitization markets. However, a legal expert said there would be no direct impact on covered bonds.
Lloyds announced today that it has submitted notifications to certify legacy deals from Penarth Master Issuer as compliant with the ‘simple, transparent and standardised’ (STS) regime.
Primrose School Franchising Company priced its inaugural $275m whole business loan securitization on Wednesday, with order books three times oversubscribed, according to sources.
Fintech firms are in talks with investment bankers and lawyers to securitize shopping credit originated in the form of 'buy now, pay later' transactions. A securitization of the customer receivables would mark a new asset class in European ABS.
National Funding announced its first ever securitization this week, a $120m deal backed by loans made to small and medium sized business. The California-based company is the second marketplace lender to come to market in August with a debut deal.
Covered bond issuers are circling the market looking to print come September. But this year the usual autumnal restart could be delayed until after the European Central Bank meeting on the 12th.
HSBC has launched a personal lending platform in partnership with Amount, the bank partnership business unit of marketplace loan ABS issuer Avant. The move is the latest example of banks going online, often partnering with fintech firms, to tap into the consumer finance segment.
Primary and secondary ABS spreads widened across the board last week, particularly for the prime and retail auto lease sectors. The volatility comes on the heels of a “paradigm shift” in the markets in response to trade war worries and a discouraging policy response from the Federal Reserve.
Go to GlobalCapital's Securitization data pages for our dealflow database, plus details of priced European and US CLOs and structured finance bookrunner league tables.
Latest securitization people & markets news
- People moves in brief
- Polish mortgage law has ‘significant adverse effects’
- Deutsche makes Singhal financing coverage chief
- Redding Ridge picks up CLO portfolio manager from Pretium
- Securitization market shrugs off accusations of Al Rayan extremism links
Want full access to GlobalCapital?
If you are new to GlobalCapital or you already subscribe to some of our channels you can still easily extend your access.
Take a trial to the entire site or subscribe online to see all our capital markets news, opinion and data sets.
Don't miss out!Free trial
Read the magazine on your mobile device
Latest news by market and league table performance
|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
|4||Bank of America Merrill Lynch (BAML)||3,104||10||7.97|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|3||Wells Fargo Securities||50,770.30||154||7.76%|
|4||Bank of America Merrill Lynch||50,061.19||163||7.66%|